Business Structures

This is a quiz about the different structures of business.

Teacher recommended

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What does unlimited liability mean?
Should the business go bankrupt, the owner could lose personal possessions to pay off debts
1 of 6
What is the name of the legal document that partners can have drawn up to protect themselves?
Deed of Partnership
2 of 6
Why might a new business start as a Private Limted Company rather than a Sole Proprietor or Partnership?
Despite the more complex and costly paperwork, the owners will be classed as a seperate legal entity to the business
3 of 6
What do the letters LTD stand for?
Private Limited Company
4 of 6
What is a Franchise?
A marketing agreement where one business pays to use the name of another
5 of 6
What is the name of the companies that are owned by a Holding Company?
Subsidary Companies
6 of 6

Other cards in this set

Card 2

Front

What is the name of the legal document that partners can have drawn up to protect themselves?

Back

Deed of Partnership

Card 3

Front

Why might a new business start as a Private Limted Company rather than a Sole Proprietor or Partnership?

Back

Preview of the front of card 3

Card 4

Front

What do the letters LTD stand for?

Back

Preview of the front of card 4

Card 5

Front

What is a Franchise?

Back

Preview of the front of card 5
View more cards

Comments

Former Member

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Great Quiz!

Hiran Maher

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Real fun!!!

alicia sessions

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boring

davidsalter

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A good opportunity to test knowledge with 9 questions on business ownership. Shouldn't take too long but students can use it to assess their knowledge and find out what they still need to learn. Similar to the GCSE multiple choice questions.

Arturo

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Too easy

rascal1599

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this quiz rustled my jimmies

rafidddddd

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top of the leader bored

caian

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could be longer, like maybe 30 more cards

yes pls

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